Citigroup Inc. (C)
Citi hires Achintya Mangla to head investment banking financing
Citigroup has hired Achintya Mangla as head of financing for investment banking, a newly created role that will report to the head of banking Viswas Raghavan, according to a memo seen by Reuters on Tuesday.
Citigroup Stock Soars 56.1% in a Year: Is It the Right Time to Buy?
Citigroup, Inc. C — one of the ‘too big to fail' banks — had an impressive run, with the stock skyrocketing 56.1% in a year. The uptick outpaced a 49.2% rally registered by the industry and 25.8% growth of the Zacks S&P 500 composite.
Citigroup: Shares At Near New Highs, But Still Cheap
Citigroup's conservative balance sheet and low loan to deposit ratio position it well for future earnings growth and stability. Despite a 50% share price rally, Citigroup remains undervalued compared to peers, offering significant upside potential. The bank's diverse loan portfolio and strong allowance for credit losses mitigate risks from commercial real estate and retail exposure.
Citigroup Aims to Double Commercial Banking Revenue by Targeting Small Businesses
Citigroup is reportedly looking to increase its revenue by adding smaller clients. Traditionally known for serving only the largest clients, the bank has expanded its focus to include small- to medium-sized businesses (SMBs) with annual revenues between $10 million and $3 billion, the Financial Times (FT) reported Wednesday (Aug. 28).
U.S. Banks Soar as Fed Signals Rate Cuts Starting in September
U.S. bank stocks like C, JPM, WFC, EBMT, and FFWM rallied as the Federal Reserve signaled a rate cut beginning September.
Former Citigroup executive suing bank was fired for performance, company says
Citigroup alleges that a former managing director suing the bank was fired for performance reasons, rather than for what she said were attempts by the bank to give regulators false information.
Citi added new section on reorganization in quarterly report following US SEC query
Citigroup's addition of a new section concerning its multi-year reorganization to its quarterly report filed with the U.S. Securities and Exchange Commission in August, followed queries from the markets regulator.
8 Stocks to Buy for a Trump Landslide—and What to Buy If He Loses
Wolfe Reserach created a basket of companies that would benefit from a Republican sweep, and one of shares that would fall in that scenario.
Citigroup Stock Is Beating S&P500 Index In YTD Returns, What To Expect?
Citigroup's stock (NYSE: C) has gained 18% YTD, compared to the 14% rise in the S&P500 over the same period. Notably, Citigroup's peer Goldman Sachs (NYSE: GS) is up 29% YTD.
3 Bank Stocks to Buy on the Dip: August 2024
It's been a challenging start to the third quarter of 2024 for many stocks throughout the financial sector, and banking is no different. However, plenty of indicators suggest that the brightest bank stocks on Wall Street are well-placed to mount a recovery for investors.
The 3 Best Bank Stocks to Buy in August 2024
When you invest in bank stocks, you are investing in institutions that offer credit cards, insurance, banking services and other financial services. Since the banking industry is at the heart of the global economy, you should have some bank stocks in your portfolio.
Citigroup's head of digital assets for markets unit departs, memo says
Citigroup's head of digital assets for its markets unit, Shobhit Maini, is leaving the bank after more than 14 years, according to an internal memo seen by Reuters.
